Today's exchange rate forecasts and forex report for the UK Pound (currency:GBP) to Rand (currency:ZAR), the Swedish Krona (currency:SEK), Norwegian Krone (currency:NOK) and Danish Krone (currency:DKK) conversion rates today.
With markets just reopening following the Christmas holidays, the Pound trended in a fairly narrow range against peers like the Euro and US Dollar. However, as the week progresses Sterling movement awaited the release of the UK’s House Price figures and Markit Manufacturing PMI.
Before we bring you the latest analysis, forecasts and predictions for these currencies, let's look at today's updated forex rates:
On Sunday the South African Rand to British Pound exchange rate (ZAR/GBP) converts at 0.042
FX markets see the pound vs south african rand exchange rate converting at 23.733.
Today finds the pound to norwegian krone spot exchange rate priced at 13.95.
FX markets see the pound vs swedish krona exchange rate converting at 13.761.
FX markets see the pound vs danish krone exchange rate converting at 8.809.
Please note: the FX rates above, updated 28th Apr 2024, will have a commission applied by your typical high street bank. Currency brokers specialise in these type of foreign currency transactions and can save you up to 5% on international payments compared to the banks.
Pound to Rand Exchange Rate Today: GBP/ZAR
The Rand was able to post a modest gain against the US Dollar as markets experienced sluggigh trading following the Christmas break.
However, the GBP/ZAR pairing advanced by around 0.2% prior to the release of the UK’s Nationwide House Price report, due out tomorrow at 07:00 GMT.
South Africa’s trade balance data, due out tomorrow, could trigger notable South African Rand movement as the week progresses. The nation is also scheduled to publish Private Sector Credit stats on Wednesday.
Pound to Norwegian Krone Rate Today: GBP/NOK
The Pound to Norwegian Krone exchange rate was trading in the region of 11.6655 on Monday, up 0.4% on the day’s opening levels.
While a lack of economic reports for the UK was limiting the Pound’s movement against the majority of its currency counterparts, the GBP/NOK exchange rate was able to gain.
Norwegian data is also lacking for much of the week, although investors will be looking ahead to Friday and the publication of the NIMA Manufacturing PMI.
The index is forecast to have held at 51.3 in December, but an upward surprise could boost the Krone.
Pound to Swedish Krona Today: GBP/SEK
The Pound to Swedish Krona exchange rate lost 0.2% on Monday as Sweden avoided a snap election.
With the government reaching a deal, the odds of the anti-immigration Sweden Democrats making inroads in an election were dashed and the Krona rose accordingly.
The development saw analyst Torbjoern Isaksson comment; ‘It’s positive news that the extra election is off. It was uncertain whether the snap election would solve the political deadlock.’
Tomorrow Sweden will publish its balance of trade figures. The nation is believed to have recorded a trade surplus in November following October’s deficit. Before the close of the week Sweden will also be releasing the Swedbank Manufacturing PMI. Economists have forecast that the gauge edged lower this month, moving from 52.7 to 52.6.
Pound to Danish Krone Today: GBP/DKK
The GBP/DKK exchange rate moved between highs of 9.5120 and lows of 9.4750 on Monday, losing around 0.25% on the day’s opening levels over the course of the European session.
Danish data is in short supply this week, but there are several reports scheduled for publication next week which are worth keeping an eye on.
Tuesday sees the release of Unemployment Rate and Business Confidence figures, while trade balance, current account and industrial production stats are all due to be published on Friday.